MANAGEMENT STUDY Flashcards
_________ is how businesses organize and direct workflow, operations,
and employees to meet company goals.
Management
5 MANAGEMENT FUNCTIONS:
Planning
Organizing
Staffing
Directing
Controlling
Planning
What?
When?
How?
Who?
- called the backbone of management
- grouping of activities together (Departments)
Organizing
organizing is a function in which the _________ and _________ of human, physical, and financial resources takes place
synchronization; combination
It involves manning the organization structure through proper and effective selection, appraisal and development of the personnel to fill the roles assigned to the employers/workforce.
Staffing
A process in which the managers instruct, guide and oversee the performance of the workers to achieve predetermined goals.
Directing
directing is said to be the _____ of management process.
heart
consists of verifying whether everything occurs in conformities with the plans adopted, instructions issued and principles established.
Controlling
an essential written document
that provides a description and
overview of your company’s future
BUSINESS PLAN
business plan should explain your business ______ and your ______ to get from where you are now to where you want to be in the future.
strategy; key goals
SOME RULES TO OBSERVE IN PREPARING BUSINESS PLAN:
1. Make it _____
neat
SOME RULES TO OBSERVE IN PREPARING BUSINESS PLAN:
2. Make it __________ correct
grammatically
SOME RULES TO OBSERVE IN PREPARING BUSINESS PLAN:
3. Make it ______
honest
SOME RULES TO OBSERVE IN PREPARING BUSINESS PLAN:
4. Write in _______ language
layman’s
